pier 1 imports inc (PJ1) Related Businessweek News

pier 1 imports inc (PJ1) Details

Pier 1 Imports, Inc. is engaged in the retail sale of decorative home furnishings, furniture, gifts, and related products. It sells various decorative accessories, such as decorative accents and textiles comprising rugs, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, candles, seasonal, and gift products. The company also offers furniture and furniture cushions used in living, dining, office, kitchen, and bedroom areas, as well as in sunrooms and on patios; wall decorations and mirrors; and dining and kitchen goods. In addition, it licenses the Pier 1 Imports name. The company sells its products through stores and e-Commerce Website. As of March 1, 2014, it operated 1,072 stores, including 991 stores in the United States and 81 stores in Canada under the Pier 1 Imports name. Pier 1 Imports, Inc. was founded in 1970 and is headquartered in Fort Worth, Texas.

Pier 1 Imports trimmed its earnings guidance recently, its earlier forecast was based on an expectation it would recoup more sales this year that were lost to last winter s bad weather. The company said it now expects to earn 80 cents to 83 cents per share for the fiscal year ending Feb. 28, revising a December forecast of 95 cents to $1.05 per share.

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